ADS-TEC Energy (NASDAQ:ADSE) Shares Gap Down – Time to Sell?

ADS-TEC Energy PLC (NASDAQ:ADSE) gapped down prior to trading on Tuesday . The stock had previously closed at $12.07, but opened at $10.96. ADS-TEC Energy shares last traded at $11.15, with a volume of 223 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ADS-TEC Energy in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, ADS-TEC Energy has an average rating of “Moderate Buy”.

ADS-TEC Energy Stock Down 7.2%

The stock has a 50 day moving average of $12.25 and a 200-day moving average of $11.36.

Institutional Trading of ADS-TEC Energy

Several institutional investors and hedge funds have recently modified their holdings of ADSE. Mirabella Financial Services LLP grew its position in ADS-TEC Energy by 7.0% in the second quarter. Mirabella Financial Services LLP now owns 16,480,469 shares of the company’s stock worth $227,352,000 after acquiring an additional 1,076,423 shares in the last quarter. Anson Funds Management LP boosted its holdings in shares of ADS-TEC Energy by 224.2% in the 3rd quarter. Anson Funds Management LP now owns 305,653 shares of the company’s stock worth $3,668,000 after purchasing an additional 211,360 shares in the last quarter. Simplex Trading LLC bought a new position in shares of ADS-TEC Energy during the 2nd quarter valued at about $83,000. Bank of America Corp DE purchased a new position in shares of ADS-TEC Energy during the 4th quarter valued at about $53,000. Finally, First Trust Advisors LP lifted its position in ADS-TEC Energy by 2.4% in the 2nd quarter. First Trust Advisors LP now owns 136,682 shares of the company’s stock worth $1,886,000 after buying an additional 3,183 shares during the last quarter. Hedge funds and other institutional investors own 51.65% of the company’s stock.

About ADS-TEC Energy

ADS-TEC Energy GmbH is a Germany-based developer of advanced energy storage systems and high-power electric vehicle (EV) charging solutions. Founded in 2009, the company specializes in modular, scalable battery technologies designed to enhance grid stability and support the integration of renewable energy sources through its patented Prism storage cell technology.

ADS-TEC Energy’s product range includes turnkey containerized storage units, Smart Batteries with integrated energy management, and high-speed charging stations equipped with onboard energy buffers.